Gold prices hold sharp gains as soft US jobs data fuels Fed rate cut bets
In a recent transaction, Strange Haskell, the Senior Vice President and Chief Operating Officer of Texas Community Bancshares , Inc. (NASDAQ:TCBS), a $44.9 million market cap regional bank trading at 0.85 times book value, sold 1,289 shares of common stock. According to InvestingPro analysis, the stock is trading at a low P/E ratio relative to its near-term earnings growth potential. The shares were sold at a price of $15.75 each, amounting to a total sale value of $20,301. Following this transaction, Haskell holds 6,584 shares directly. Additionally, Haskell has indirect ownership of 3,154 shares through an Employee Stock Ownership Plan (ESOP) and 6,066 shares through a 401(k) plan. The stock options held by Haskell, which will vest at 20% per year starting February 28, 2024, remain unchanged at 24,433 shares. The stock has gained nearly 4% year-to-date, though InvestingPro analysis suggests the shares are currently trading slightly above their Fair Value. For deeper insights into insider trading patterns and additional ProTips, consider an InvestingPro subscription.
In other recent news, Texas Community Bancshares, the parent company of Broadstreet Bank, has declared a quarterly cash dividend of $0.04 per share. This dividend will be paid on June 20, 2025, to shareholders who are on record as of June 5, 2025. This announcement underscores the company’s ongoing commitment to returning value to its shareholders. Texas Community Bancshares has a history of maintaining stable dividend payouts, reflecting its strategy to enhance shareholder value. The company, which began with just over $4,000 in assets, now boasts assets of $441 million, demonstrating significant growth over the years. Broadstreet Bank, a key player in the northeast Texas banking sector since 1934, operates through seven locations offering a variety of financial services. This move aligns with the company’s past practices of profit-sharing with its stockholders. Investors can find further details about Texas Community Bancshares’ financial activities on the bank’s website.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.